Can I retire at age 66 with 13,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,062,692
2 years$547,802$537,599$527,712$518,125$508,826$502,930
3 years$361,573$351,327$341,464$331,968$322,820$317,054
4 years$268,478$258,263$248,499$239,164$230,238$224,646
5 years$212,635$202,481$192,845$183,701$175,023$169,622
6 years$175,418$165,341$155,848$146,907$138,490$133,286
7 years$148,845$138,853$129,510$120,780$112,629$107,626
8 years$128,925$119,023$109,835$101,320$93,437$88,634
9 years$113,439$103,631$94,601$86,302$78,687$74,083
10 years$101,058$91,345$82,475$74,393$67,046$62,638
11 years$90,935$81,319$72,610$64,744$57,661$53,448
12 years$82,505$72,988$64,439$56,789$49,968$45,946
13 years$75,377$65,960$57,572$50,137$43,573$39,737
14 years$69,273$59,956$51,729$44,506$38,196$34,542
15 years$63,987$54,771$46,704$39,691$33,631$30,155
16 years$59,367$50,251$42,344$35,539$29,723$26,420
17 years$55,295$46,279$38,532$31,932$26,354$23,219
18 years$51,679$42,764$35,174$28,777$23,433$20,460
19 years$48,447$39,633$32,200$26,002$20,887$18,070
20 years$45,542$36,829$29,552$23,550$18,656$15,991
21 years$42,918$34,305$27,182$21,373$16,695$14,176
22 years$40,535$32,022$25,053$19,433$14,965$12,586
23 years$38,362$29,950$23,132$17,698$13,433$11,189
24 years$36,374$28,061$21,393$16,142$12,074$9,959
25 years$34,547$26,334$19,814$14,742$10,865$8,873
26 years$32,864$24,750$18,376$13,479$9,787$7,913
27 years$31,308$23,292$17,064$12,338$8,824$7,062
28 years$29,866$21,948$15,863$11,304$7,962$6,307
29 years$28,525$20,706$14,762$10,366$7,189$5,637
30 years$27,277$19,554$13,750$9,513$6,496$5,041
31 years$26,111$18,485$12,819$8,737$5,873$4,510
32 years$25,020$17,491$11,960$8,030$5,312$4,036
33 years$23,997$16,564$11,168$7,384$4,808$3,614
34 years$23,037$15,699$10,434$6,794$4,353$3,237
35 years$22,134$14,890$9,755$6,254$3,943$2,901
36 years$21,282$14,133$9,126$5,760$3,572$2,600
37 years$20,479$13,423$8,542$5,307$3,238$2,331
38 years$19,720$12,757$7,999$4,892$2,935$2,090
39 years$19,001$12,130$7,494$4,510$2,662$1,875
40 years$18,320$11,541$7,024$4,160$2,414$1,682
41 years$17,674$10,986$6,586$3,838$2,190$1,509
42 years$17,060$10,463$6,178$3,542$1,987$1,354
43 years$16,477$9,969$5,798$3,270$1,804$1,215
44 years$15,921$9,502$5,442$3,019$1,637$1,090
45 years$15,392$9,061$5,110$2,788$1,486$979
46 years$14,887$8,644$4,799$2,576$1,350$879
47 years$14,405$8,249$4,509$2,380$1,225$789
48 years$13,945$7,875$4,237$2,199$1,113$708
49 years$13,504$7,520$3,983$2,032$1,011$636
50 years$13,083$7,184$3,744$1,878$918$571

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,400,000, adding $3,007 every year, while hoping to spend $30,053 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/25/21 Blend
65$13,400,000$13,400,000$13,400,000$13,400,000
66$14,769,902$14,059,702$13,852,002$15,482,568
67$16,244,456$14,716,651$14,284,068$16,628,713
68$17,868,407$15,404,783$14,729,600$17,872,328
69$19,656,962$16,125,595$15,189,020$19,225,481
70$21,626,878$16,880,656$15,662,758$20,698,651
71$23,796,620$17,671,608$16,151,261$22,303,352
72$26,186,535$18,500,177$16,654,988$24,052,247
73$28,819,046$19,368,170$17,174,414$25,959,253
74$31,718,859$20,277,481$17,710,028$28,039,678
75$34,913,202$21,230,096$18,262,333$30,310,354
76$38,432,077$22,228,100$18,831,849$32,789,793
77$42,308,545$23,273,673$19,419,113$35,498,360
78$46,579,040$24,369,106$20,024,677$38,458,454
79$51,283,709$25,516,799$20,649,110$41,694,720
80$56,466,792$26,719,267$21,293,000$45,234,272
81$62,177,043$27,979,149$21,956,953$49,106,945
82$68,468,184$29,299,210$22,641,594$53,345,569
83$75,399,417$30,682,350$23,347,566$57,986,276
84$83,035,982$32,131,610$24,075,534$63,068,829
85$91,449,770$33,650,177$24,826,182$68,636,994
86$100,720,005$35,241,393$25,600,217$74,738,945
87$110,933,987$36,908,763$26,398,366$81,427,711
88$122,187,923$38,655,962$27,221,381$88,761,668
89$134,587,828$40,486,841$28,070,034$96,805,083
90$148,250,531$42,405,440$28,945,124$105,628,710
91$163,304,773$44,415,996$29,847,475$115,310,452
92$179,892,429$46,522,948$30,777,933$125,936,082
93$198,169,838$48,730,954$31,737,376$137,600,047
94$218,309,287$51,044,896$32,726,703$150,406,348
95$240,500,632$53,469,894$33,746,846$164,469,509
96$264,953,094$56,011,317$34,798,763$179,915,650
97$291,897,232$58,674,793$35,883,444$196,883,662
98$321,587,118$61,466,226$37,001,907$215,526,508
99$354,302,737$64,391,805$38,155,204$236,012,654
100$390,352,633$67,458,019$39,344,420$258,527,644